Assume that the National Park Services want to restrict the number of visitors to Yellowstone to 3m visitors a year, which is smaller than the current record at 4.3m. They consider two policies:
i.Raising the price of admissions, and
ii.Setting a quota that limits the number of visits to 3m.
Compare the effect of these two policies on consumer surplus and welfare. Use a graph to
show which policy is superior
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